Automotive Motor Oil Market Analysis | 2022-2027

Market Highlights

The Automotive Motor Oil Market is likely to grow at a healthy CAGR of 3.8% in the long run.

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What is automotive motor oil?

Automotive motor oil is a lubricant used in internal combustion engines that power motorcycles, cars, and a variety of other automotive engines. The primary function of engine oil is to reduce wear and friction on moving parts while also clearing the engine of varnish and sludge. Because of the oxidation of the lubricants, automotive engine oil improves piston ring sealing and neutralizes acids from gasoline. This acts as an insulator and cools the engine components by transferring heat away from the moving elements.

Market Drivers:

The global motor oil market is expected to grow steadily over the forecast period. According to estimates, the American automobile motor oil market dominates the industry. Because of the ongoing system and critical role in this region, the market in America has significant entryways for expansion in the test period. In light of Europe's developing vehicle region, the public authority agreed to focus on spread abatement and create a sensibility regulation to manage fuel release.

Segments Analysis

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories-

By Type

• Conventional
• Synthetic Blend   
• Full Synthetic
• High-Mileage

By Vehicle Type

• Passenger Car 
• Heavy-Duty Vehicle 

By Sales Channel Type

• Quick Lube
• Independent Workshop
• Maintenance/Repair Shop
• FWS/OEM Dealership
• Service Station
• Truck Stop

By Region

• North America 
• Europe 
• Asia-Pacific 
• Rest of the World 

By Type

The market is segmented as conventional, synthetic blend, full synthetic, and high-mileage. The synthetic blend segment is expected to remain the dominant as well as the fastest-growing type in the market during the forecast period. The synthetic blends market had the largest market share in 2021. Semi-synthetic oil refers to a synthetic mixture made up of conventional and synthetic oil. This oil is created to have some of the benefits of synthetic and regular oil while having fewer drawbacks. The synthetic mixture improves performance and protection significantly. 

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By Vehicle Type

The automotive motor oil market is segmented as passenger car and heavy-duty commercial vehicle. Passenger car is expected to remain the largest and fastest-growing vehicle type in the market during the forecast period owing to the increasing sales of automotive motor oil. The rising middle and upper middle classes are largely responsible for the increase in passenger car demand. The demand for automotive motor oil is expected to increase with the expansion of the economies of developing nations, the anticipated increase in global purchasing power, and the focus on lowering fuel consumption, vehicular pollution, and overall vehicle maintenance and operating costs.

By Channel Type

The market is segmented as quick lube, independent workshop, maintenance/repair shop, FWS/OEM dealership, service station, and truck stop. The quick lube segment is expected to remain the dominant as well as the fastest-growing sales channel type in the market during the forecast period. The quick lube market segment has the largest market share. Customers can maintain their vehicles at the fast lube service shop quickly, easily, and with the assistance of trusted professionals. The quick lube service centre is primarily concerned with service quality improvement, staff training, and connecting manufacturers, dealers, and repair shops.

Regional Analysis

North America is expected to remain the largest market for automotive motor oil during the forecast period. With an increase in automobile demand, particularly in the US, the market for automotive motor oil is anticipated to expand throughout the Americas. The region has grown significantly, and it is expected that growth will continue over the forecast period. These countries' relative abundance of premium and luxury passenger cars drives the demand for automotive motor oil. Demand for fuel-efficient cars is expected to increase as the number of auto repair shops and service centers increases, and the demand for automotive motor oil is expected to grow as consumer awareness of oil changes rises.

Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the automotive motor oil market:

• Exxon Mobil Corporation
• ROYAL DUTCH SHELL PLC
• Infineum International Limited
• Valvoline Inc.
• Gulf Oil Lubricants India Limited
• The Lubrizol Corporation
• Chevron Corporation
• BP PLC
• China Petroleum & Chemical Corporation
• Petro-Canada Lubricants Inc. 

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive motor oil market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com